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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Daily Archives: September 7, 2011
Trading signals for Wednesday 07-09-2011
Forex, Commodities and Index signals for Wednesday 07-09-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Investors still evaluating implications of SNB’s decision
In the absence of any major news risk sentiment was more stable in Asia. Investors still seem to evaluate implications of the SNB’s decision to introduce a price floor in EURCHF. Although the SNB’s decision must be respected such a move should be temporary in nature as the SNB still has to stick to its mandate which is to ensure price stability. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie trading higher this morning
For the 24 hours to 23:00 GMT, AUD weakened a marginal 0.05% against the USD to close at 1.0558. Yesterday, the Reserve Bank of Australia (RBA) decided to retain its benchmark cash rate at 4.75%. Meanwhile, this morning, the Australian … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar extends its gain in the Asian session, Awaits BoC interest rate decision
For the 24 hours to 23:00 GMT, USD declined 0.09% against the CAD to close at 0.9897. In the Asian session at 3:00GMT, USD is trading at 0.9891, 0.06% lower against the Canadian dollar from yesterday’s close at 23:00 GMT. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc tumbled after floor by the SNB, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 9.75% against the CHF and closed at 0.8614. In Switzerland, the Swiss National Bank (SNB) announced a floor against the euro of CHF1.20 to the EUR as a minimum exchange rate. … Continue reading
Posted in USD/CHF
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USD/JPY: Bank of Japan holds rates near zero
For the 24 hours to 23:00 GMT, USD strengthened 0.91% against the JPY and closed at 77.61, amid speculation that Japanese authorities could also intervene, after the intervention of the Swiss National Bank. In economic news, Japanese foreign reserves rose … Continue reading
Posted in USD/JPY
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Crude Oil: Oil rose on supply concerns, trading marginally lower in the Asian session
Oil prices advanced 3.55% against the USD for the 24 hour period ending 23:00GMT, closing at 86.39, amid speculation that a storm building in the Gulf of Mexico could impact oil supplies in the US. Oil prices were further buoyed … Continue reading
Posted in Crude Oil
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GBP/USD: Pound trading higher, Investors await manufacturing and industrial data in the UK
For the 24 hours to 23:00 GMT, GBP fell 0.93% against the USD and closed at 1.5952. In the UK, the British Retail Consortium (BRC) indicated that the average shop prices in rose 2.7% (Y-o-Y) in August, compared to a … Continue reading
Posted in GBP/USD
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Silver: Following the broad trend in gold
Silver prices declined 2.56% to USD41.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD41.97 per ounce, 0.05% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading
Posted in Silver
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EUR/USD: Euro trading higher in the Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.50% against the USD and closed at 1.4004. In the Euro-zone, the Gross Domestic Product (GDP), on a sequential basis, grew 0.2% in the second quarter of 2011 (2Q FY2011). Additionally, … Continue reading
Posted in EUR/USD
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Gold: Gold fails to hold above $1900 an ounce
Gold prices traded lower by 1.56% against the USD in the 24 hour period ending 23:00GMT, at 1,871.90 per ounce, after touching an intraday high of over $1,900 per ounce, as the yellow metal was pressured by a strong dollar. … Continue reading
Posted in Gold
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